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Genesis Mining is a Cryptocurrency cloud mining service that offers an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. We offer hosted cryptocurrency mining services and a variety of mining related solutions to small and large scale customers. The combination of our algorithmic trading framework, mining infrastructure, and proprietary mining farm-management software, Genesis Hive, quickly made us an industry leader.

Our team of mining experts with extensive knowledge of the digital currency sector specializes in building the most efficient and reliable mining facilities. Genesis Mining is also the founding partner of Logos Fund, the first ever Bitcoin Mining Fund, which targets professional investors looking to gain access to Bitcoin’s and various other digital assets‘ potential.

Our service was founded by the end of 2013 and with now over 2.000.000 users we are the world‘s leading multi-algorithm cloud mining service.

It’s quick and very easy! As soon as we receive your payment your contract will be added to your profile, and you can immediately start mining. Depending on the blockchain algorithm you select and the associated mining service agreement you enter into, you can either mine native cryptocurrencies directly or allocate your hashpower to other cryptocurrencies (marked with AUTO), and even choose a specific allocation for them. For example: 60% LTC, 20% BTC and 20% DOGE. The first mining output is released after 48 hours, and then a daily mining output will follow.

Remark: Every day of mining will be processed and sent to your account in the following 24 hours after the mining day is over.

Please refer to section “When do I get my mining output?” for more details.

Besides the fact that we ourselves mine with the very same hardware that we offer to our clients, our capital is limited. We believe that Bitcoin and Altcoin mining is one of the best ways to receive Cryptocurrencies, however, we do not want to “put all our eggs in one basket”.

For security reasons, we do not disclose the exact location of our mining farms. As of April 2015, we are operating several mining farms that are located in Europe, America and Asia. Electricity cost and availability of cooling are important, but not the only criteria. See our Datacenters page for more information.

You are able to mine Bitcoin and various altcoins directly via our mining allocation page*. The availability of cryptocurrencies you can mine depends on the contract you have chosen.

You must allocate your hashpower in order to determine the cryptocurrency received for your mining output. If no allocation has been made, the mining output will default to the following for the given blockchain algorithm:

SHA-256 contract - Bitcoin

X11 contract - Dash

Ethash contract - Ethereum

CryptoNight contract - Monero/Monero Classic

Scrypt - Litecoin

Equihash - Zcash

(*) “Genesis Mining Advanced Allocation” (special feature): It allows you to get mining outputs in many different coins even if they are not mined directly by a certain algorithm. For example, you can get mining outputs in BTC while mining with an X11 algorithm! That is possible by mining the DASH coin directly, which is then automatically swapped to BTC by our algorithmic framework. The Allocation function is designed for customers to receive delivery of their mining results in their preferred cryptocurrency. We call it “mining BTC the smart way”. The same technique is also used to get mining results in LTC with a SHA-256 contract, etc.

Bitcoin and altcoin mining depends highly on the prices and network difficulties of the Cryptocurrencies that you are mining, which cannot be predicted. It would not “look right” if we would provide data on the mining performance and sell contracts at the same time. Therefore, we recommend all our clients to do their own research and do their own performance calculation.

For example, you might want to have a look at coinwarz.com. Remember that some of our products have a daily maintenance fee which must be deducted from the daily mining rewards.

Please note that the website is an independent source of reference and not related to Genesis Mining in any manner.

It is always possible that mining hardware crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.

We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).

Our internal policy is: “be a good crypto citizen”. This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.

On the first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that change the economics significantly:

Shipping costs: few merchants will cover this, but in most cases they will charge you extra.

Customs dues / VAT: if it is an international delivery you will likely have to pay customs dues and VAT; generally this has a huge impact on the total cost of your mining equipment.

Delivery time: when you pay for your device you have to wait until the miner is packaged and shipped; if it is held up in the customs this can take weeks. And during that time you cannot mine at all (“opportunity costs”). You have to wait and hope. And if the merchant has a stock shortage; it is you who has to wait. With Genesis Mining you pay and get your hashpower immediately online. No delays!

Costs for additional equipment: when buying miners from larger retailers you often have to buy additional equipment like an extra PSU that matches the electricity specs for your country, control units and specific shelves to store them efficiently. This adds up significantly to the overall price for hashpower.

Setting the system up: when the device finally arrived you have to assemble and configure it. Beginners often underestimate the amount of work and technical knowledge that is needed to bring the device up and optimize its settings. People that used the first ASICs spend days and weeks on it. In monetary terms this costs you twice: (i) your time and (ii) lost mining opportunity.

Maintenance: hardware failures, outages and crashes could lead to downtimes between seconds and weeks. If your unit breaks you have to return it and start from scratch (by the way: check the guarantee time of your miner; it is often less than a year). With Genesis Mining you have a guaranteed uptime of 100%: in case one of your units fails another unit will be switched over and start mining for you the very same second.

Electricity: having the machines at home not only brings heat and noise, but also an increase of your electricity bill; an important factor that many underestimate.

Please do not get us wrong: we do not want to discourage anyone from mining at home! We are often asked about prices and realized that many users do not know about all the hidden costs. If you compare the true costs, you will notice that our prices are very competitive. We want to provide you the best possible mining experience, so that you can focus on mining your favorite coins (and we take care of the rest).

The fee is fixed in USD but deducted from the daily mining rewards in the natively mined coin on a daily basis. You will find the maintenance fee details of your chosen contract in the Terms of Service before the purchase.

When you purchase an Ether mining contract, you buy a share of a GPU (“graphics processing unit“) to mine Ethereum. The hashing algorithm used to mine Ether is called Ethash (or Dagger-Hashimoto).

Ethash requires the so called DAG file in order to perform the calculations. This file grows over time, which means that more operations for each hashing operation need to be performed. This means that the effective hashrate decreases a little each time the DAG file grows.

This has to be considered when comparing the theoretical output of your hashpower. Online calculators do not take this into account.

The specific duration of an Open-Ended contract is variable and determined by three factors: The mining difficulty, Bitcoin vs. USD exchange rates, and the daily maintenance fee. We cannot control the first two factors which are unpredictable, but we do always deploy the latest mining technology, and do our best to keep it running at their maximum capability for you.

The daily maintenance fee covers all ongoing costs for the hosting service, including electricity, cooling, and hardware maintenance work. It is deducted from the daily mining reward prior to delivery of your mining results to the “Activity - My Activity” section of your account (or directly to your wallet, if the threshold for transfer has been reached). In the event that the daily reward of your hosted mining is lower than the daily maintenance fee, the service may become inactive and your output will become 0.

After that, the contract will continue to mine for 60 days. That means that we will take care of the maintenance fee in the hope that your contract will become active again. This may happen if the mining network difficulty decreases and/or the Bitcoin price increases. If the contract does not become active within those 60 consecutive days, it will be terminated because the mining machines are consuming resources (electricity, cooling, hosting, servicing, etc.) which cannot be covered by their generated mining rewards.

Mining outputs are generated daily, but you will receive your outputs only once they have accumulated to a certain quantity. These minimum mining outputs are set in order to avoid that customers pay excessive fees for receiving small amounts in their wallets. Please visit the “My Account - Settings - Wallets” section of your account for further details.

Customer service is our highest priority! Making decisions is not only about having the good feeling, but also about understanding the business concept in detail. Therefore, if you need any help, please contact us any time via our web form or through the “Contact Customer Service” section on your Genesis Mining account.

Keep in mind that the quality and promptness of our response also depends on the request you have submitted. Our topic drop down menu has several options, and if the wrong form is used, it can delay the resolution of the ticket.

Genesis Mining allows its clients to mine different types of coins at the same time. You decide which coins you prefer and you can allocate hashpower accordingly.

Each mining algorithm is set up with a default delivery cryptocurrency. The Genesis Mining Advanced Auto-Allocation (in short “AUTO”) will apply to all cryptocurrencies which cannot be mined directly. In the user interface go to “Mining Allocation” and choose the hashpower allocation that is best for you. When you are done press “save allocation”.

Remember that the cryptocurrencies marked with (AUTO) are not directly mined, as mentioned in the “What coins can I mine?” section of this Customer Service page.

In order to get the mining output, please ensure to add your wallet address(es) to your Genesis Mining profile. Find out more details about how to add your wallet(s) in the next section.

A mining day usually starts at 00:00 UTC and ends at 23:59:59 UTC. If you just bought a contract, the start time could be different and you will only mine for a fraction of that day. Otherwise, your miners will mine for you 24 hours and act exactly according to your settings (see “mining allocation”).

We have a lot of scripts running, and there are numerous checkups that are being done, which even include checking some parts of the process manually, to maximize mining outputs for our customers.

Therefore, as a result of that, the time between two outputs can (and will) occasionally be longer than 24 hours. On the other hand, it can also be shorter than 24 hours. The fact is, you will receive a mining output for each mining day. Please ensure that you provide a wallet address for each coin you mine.

Keep in mind that all of our mining outputs are daily and automatic, but the actual transfer to your wallet takes place when the balance reaches the minimum amount required for transfer.

Also, when you order via debit/credit card, your mining outputs will be held for 30+2 days, as stated in the Terms of Service. We do so because of fraud and security reasons. Once the month passes, the full amount will be released to the “Activity > My Activity” section (or directly to the wallet, if the threshold has been reached), and from then on you will receive a daily output.

In the meantime, you can see your accumulated mining outputs on your account under “My Orders - My pending balance of mining outputs (paid with credit card)” section.

You can check your general mining outputs in the menu under “Activity”.

For any further questions, feel free to contact us via our web form or the “Contact Customer Service” section on your Genesis Mining account.

Keep in mind that the quality and promptness of our response also depends on the request you have submitted. Our topic drop down menu has several options, and if the wrong form is used, it can delay the resolution of the ticket.

We do not offer a wallet service as of yet, but you can find many wallets available online. There are many different wallet types and we do not favor any specific one. Please go to MY ACCOUNT / SETTINGS / WALLETS in your GM profile and you will find a suggestion for every type of wallet.

You will get your first mining output once you have been mining for 24 hours and the first order has been processed. Therefore, please allow up to 48 hours to receive your first mining output. After that you will get your outputs daily.

Exception: If you have bought a mining contract during presales, you will have a “pre-order” initially. Therefore, the mining process will start at the given launch date. This will be clearly communicated in advance.

Since the hashpower contract was purchased with a Credit/Debit Card, the mining returns are held for 30+2 days before being released to the ’Activity > My Activity’ section (or directly to the wallet, if the threshold has been reached). That is because of fraud and security reasons. Once the holding period passes, mining returns will be sent daily. The first mining output will show up after a maximum of 48 hours.

Keep in mind that all of our outputs are daily and automatic, but the actual transfer to your wallet takes place when the balance reaches the minimum amount required for transfer.

In the meantime, you can find your pending balance by going to My Orders under “My pending balance of mining outputs (paid with credit card)”. During this time there will be no activity in the graphs.

We do not have fixed release times, but you will receive a mining output within 24 hours after each mining day. A mining day runs from 00:00 to 23:59:59 UTC. We’ve got a lot of checks and scripts running, and our team is constantly trying to maximize the mining performance for our customers. As a result, the time between two mining outputs can be longer than 24 hours occasionally, but it might also be shorter. In any case, you will receive an output for each mining day.

Sometimes a transaction can also be delayed in the corresponding cryptocurrency blockchain. Your mining output will pop up in your wallet once it gets confirmed.

If you’ve owned Lifetime contracts and/or a contract with a daily maintenance fee, maybe the daily mining reward of your contract became smaller than the maintenance fee. This means, that the mining rewards produced by the mining machines associated to your contract do not cover the maintenance fee of these machines any more. As stated in the contract, if mining outputs are zero for over 20 (60 for new SHA-256 Open-ended contracts) consecutive days, the contract will be terminated. This situation might occur due to large increases in difficulty or low Bitcoin (BTC) vs USD rates. These factors cannot be foreseen or controlled by Genesis Mining.

When coins are released from the “My pending balance of mining outputs (paid with credit card)” section (after the pending period is over) to the “Activity - My Activity” section, only the coins that are being mined on the day of the mining output are released.

In order to release the rest of the pending coins, please go to Mining Allocation in your profile, click on the specific product (SHA-256, X11, Zcash, Etash, Monero, or Scrypt), and allocate a minimum of 5% hashpower to the pending coins temporarily. This will release the coins in the following 48 hours. Remember to save the new configuration.

Since the hashpower contract was purchased with a Credit/Debit Card, the mining returns are held for 30+2 days before they are sent out to wallets (but only if the threshold for transfer is reached). This is because of fraud and security reasons. After this period has ended, mining returns are then daily. The first mining output will show up after a maximum of 48 hours.

You can find your pending balance by going to My Orders under “My pending balance of mining outputs (paid with credit card)”.

We do not control the market evolution and thus we cannot control the mining rewards. There are certain factors which may affect your outputs depending on the product you have purchased.

This is the way your mining outputs will mostly vary:

1. It may happen that due to the lower mining output, the global interest in mining the natively mined coin of your contract diminishes. This would mean a decrease in the mining difficulty, which would also have a positive impact increasing your mining outputs. Conversely, if difficulty rises, your output will decrease.

2. If you change your allocation to any of the available AUTO coins (not natively mined), your mining outputs will be traded from the coin that is natively mined to the selected AUTO coin(s). Therefore, the exchange rate will affect your mining outputs.

Also keep in mind that some of our products have maintenance fees attached. You will find the maintenance fee details of your chosen contract in the Terms of Service before the purchase, or via our Pricing page: https://www.genesis-mining.com/pricing

For any further questions regarding your contract, feel free to contact us via our web form or the “Contact Customer Service” section on your Genesis Mining account.

The results of cryptocurrency mining highly depend on the price and the network difficulties of the given cryptocurrencies that you are mining. Neither of those are predictable and each customer must make an independent decision about the benefits of cryptocurrency mining and, in doing so, should consider the risks and their own circumstance when choosing whether to mine.

For reference, one source to potentially consider is coinwarz.com. Please note that the website is an independent source of reference and not related to Genesis Mining in any manner.

When evaluating the benefits, you should note that the mining of some of our contracts is subject to a daily maintenance fee which must be deducted from any daily mining rewards you may obtain from mining using our hosted service. You will find the maintenance fee details of your chosen contract in the Terms of Service before the purchase, or via our Pricing page: https://www.genesis-mining.com/pricing

If you have additional questions, feel free to contact us via our web form or the “Contact Customer Service” section on your Genesis Mining account.

The allocation is only reverting in appearance. Each time you click on ‘Mining allocation’, you will be sent to SHA-256 by default. Thus, to see the allocation for X11, Zcash, Ethash, Monero, or Scrypt, please click on X11, Zcash, Ethash, Monero, or Scrypt at the top of the page. You will be shown the correct allocation.

The other coins are marked with AUTO and they are not mined directly. In other words, mining outputs will be traded automatically from the mined coins to the AUTO ones at the exchange rate of that day.

The specific duration of an Open-Ended contract is variable and determined by three factors: The mining difficulty, Bitcoin vs. USD exchange rates, and the daily maintenance fee. We cannot control the first two factors which are unpredictable, but we do always deploy the latest mining technology, and do our best to keep it running at their maximum capability for you.

The daily maintenance fee covers all ongoing costs for the hosting service, including electricity, cooling, and hardware maintenance work. It is deducted from the daily mining reward prior to delivery of your mining results to the “Activity - My Activity” section of your account (or directly to your wallet, if the threshold for transfer has been reached). In the event that the daily reward of your hosted mining is lower than the daily maintenance fee, the service may become inactive and your output will become 0.

After that, the contract will continue to mine for 60 days. That means that we will take care of the maintenance fee in the hope that your contract will become active again. This may happen if the mining network difficulty decreases and/or the Bitcoin price increases. If the contract does not become active within those 60 consecutive days, it will be terminated because the mining machines are consuming resources (electricity, cooling, hosting, servicing, etc.) which cannot be covered by their generated mining rewards.

The fee is fixed in USD but deducted from the daily mining rewards in the natively mined coin on a daily basis. You will find the maintenance fee details of your chosen contract in the Terms of Service before the purchase.

The cost is a one-off payment. In addition, some of our products have a daily maintenance fee, which is deducted from the daily mining rewards. You will find the details about upfront costs and fees in the Terms of Service of your contract.

This is probably due to some of your contracts becoming inactive. This means that the mining rewards are not covering the maintenance fee of your associated machines any longer, and thus your contracts have been terminated. Please contact our customer service team directly for further information.

We only allow 30 minutes for the payment in cryptocurrencies to reach our wallet. After this period, the order will expire. Please try again or contact our customer service team directly to help you set your order manually.

In some rare cases, some issuing banks may charge additional fees from customers who purchase Bitcoin or Cloud Mining services using Credit Card. They call it Cash Advance. Please contact your bank beforehand for further information.

Currently Ethereum uses the Proof of Work concept, which means Ethereum is released gradually as a reward to miners that spent time and effort (and electricity) on finding blocks. This mining consumes energy and the developers of Ethereum have already mentioned that at some point they might switch the algorithm to the Proof of Stake concept, which, simply put, gives rewards to people who hold on to their Ethereum instead of giving rewards to those that mine. When that switch happens, mining Ethereum will no longer be possible. This might occur before the end of your Ethereum mining plan, but your hashrate will not be lost! Instead, we will reconfigure the underlying hardware to mine the most popular coin, and from then on your hashrate will be mining that other coin. Which coin will be the most popular is impossible to say. We will decide on that when Ethereum switches from PoW to Pos.

Your mining outputs will be sent automatically to your wallet once the minimum amount for transfer is reached. It is not possible to delay the mining output for security reasons. Please visit the “My Account - Settings - Wallets” section on your account for details regarding minimum transaction thresholds.

As soon we send out the coins, the transaction is within the blockchain waiting for confirmation. We can assure we send out the transactions with the proper fees but sometimes there are some delays in the blockchain. Unfortunately, we cannot accelerate this process from our end. Please keep in mind that some wallets only show the transactions once a certain number of blockchain confirmations have been reached.

insert the Promo code in case you have one (you can get one from any other Genesis Mining customer - please check our Affiliate Program under ‘My Account - Affiliate’ for further details)

View and agree on terms

Finally, confirm the order

If you pay with cryptocoins, please transfer the coin amount to the given address as fast as possible (if the order expires after sending your coins, please get in touch with Customer Service. They will approve your order manually)

If you pay with credit-card, please follow the procedure and fill out ALL details on the forms. You may be asked for personal identification by our CC provider. Only if the identification process is finalized will your contract be approved.

Once paid, your order should show as approved in your Genesis Mining profile. If this is not so, please contact customer service via our web form or through the “Contact Customer Service” section on your Genesis Mining account.

At Rank 1 - our ‘Starter’ tier - you’ll get 2.5% of the quantity of hashpower purchased by your referral. For example, if someone purchases a 10 MH/s contract using your affiliate code, you’ll get 0.25MH/s for free - and they’ll get 3% off the total price. It’s a win-win situation!

Our tier-based program means you’ll level up based on your progress: the more you refer, the bigger the bonus. There are a total of eight ranks to achieve, each with a bigger reward than the last - and some very special rewards.

Your rank is based on the total amount your referrals have purchased over the last 100 days.

You start at Rank 1 - Starter. To move up in rank, you’ll need to collect a total of $100 USD in referred sales. If you refer $50 USD in sales in the two weeks, then another $60 USD in the third week, your total amount purchased by your referrals will be $110 USD - so you’ll hit Rank 2 - Copper. Six weeks later, your referrals might purchase another $400 USD - your total would be $510 USD, and you’d hit Rank 3 - Bronze.

Ranks are based over the last 100 days - that means they’re variable and your rank can ‘decay’ over time. Any referral’s purchase older than 100 days will be discarded, and your rank (and reward) adjusted accordingly.

You’ll see your current rank and total sales performance on your affiliate page.

Your affiliate ID URLs are personalized for you, to link across various services: websites, on your social media accounts, on email and forum signatures. It ties a user to a particular referrer, and is used when you create an account. This will tie all future purchases to the affiliate account, as long a promotional code isn’t entered.

The promo code, on the other hand, can be used with both a new account, and an existing one - simply apply the promotional code at checkout!

Remember - the promotional code will always take priority. If you sign up with affiliate A’s URL, and then apply affiliate B’s promotional code to get a discount - only affiliate B (and not affiliate A) will receive the hashpower bonus.

Let us know! We really want to hear your feedback, and we mean that - so send your opinions, ideas and thoughts to partners@genesis-mining.com where you will get individual help and support. We’re constantly working to improve our program, and your feedback is needed to make it the best it can possibly be.

Note that different limits may apply for our special offers.Also, In some rare cases, some issuing banks may charge additional fees from customers who purchase Bitcoin or cloud mining services via credit/debit card. They call it ‘cash advance’. If considered, please contact your bank beforehand for further information.If needed, please contact our Customer Service for details (via our web form or through the “Contact Customer Service” section on your Genesis Mining account).

Contact Customer Service

Keep in mind that the quality and promptness of our response depends on how accurately you fill out the Contact form. Our drop down menu has several options, and if the wrong topic is used, it can delay the resolution of the ticket.

The information on this website does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any securities, commodities, or other financial products. In addition, the information on this website does not constitute the provision of investment advice.No assurances can be made that any aims, assumptions, expectations, strategies, and/or goals expressed or implied herein were or will be realized or that the activities or any performance described did or will continue at all or in the same manner as is described on this website.